Remodeled Duplex with Full
New
For Sale
$395,000
4838 Bradington Ct, Columbus, OH 43229
Updated duplex with refreshed interiors, exterior improvements, and stainless appliances in one unit.
Property Size2,446 SF
Price / SF$161.49
Days on Market4
Property Features for 4838 Bradington Ct
General Information
Standard status
Active
Size
2,446 SF
Property subtype
Multi-Family
Building Details
Year Built
1983
Listing Agency:
Brian Thompson, Howard Hanna Real Estate Svcs
Listed By:
The Daniel Team
(614) 402-5212
Source:
Newdirectionsrealtyltd
Added: Aug 30
Changed: Sep 2
Last Checked: Sep 1 at 6:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brian Thompson, Howard Hanna Real Estate Svcs
Investment Insights
Based on property information with market context.
This duplex contains 2,446 square feet and was built in 1983. The property has been extensively remodeled, with updated flooring, fresh interior and exterior paint, new doors and trim, upgraded lighting, faucets, blinds, and professional cleaning. Each side is described with 3 bedrooms, 1.5 baths, and a full basement; the 4838 unit also includes new stainless appliances.
Located at 4838 Bradington Ct in Columbus, the property is associated with Westerville Schools. The improvements provide a refreshed residential income property with two separate living units and full-basement space on each side.
Located at 4838 Bradington Ct in Columbus, the property is associated with Westerville Schools. The improvements provide a refreshed residential income property with two separate living units and full-basement space on each side.
Key Highlights
- Duplex with 2,446 SF, built in 1983
- Each side features 3 bedrooms, 1.5 baths, and a full basement
- Extensive remodeling includes flooring, paint, doors, trim, lighting, faucets, and blinds
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,026
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$520,520
$520.5K
Cap Rate 7%
$371,800
$371.8K
Cap Rate 9%
$289,178
$289.2K
Market Conditions
NOI Build-Up for 2,446 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.6K $16.20/SF
− Vacancy
−$2.4K −$1.00/SF
EGI
$37.2K $15.20/SF
− OpEx
−$11.2K −$4.56/SF
NOI
$26.0K $10.64/SF
Area
ZIP 43229
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$520,520
Cap Rate 7%
$371,800
Cap Rate 9%
$289,178
Alternative Uses
Best Use
Multifamily LT 5
$371.8K
$325.3K – $433.8K
NOI $26,026 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$323.4K
$283.0K – $377.4K
NOI $22,641 @ 7.0% cap · market cap 5.73%
Theoretical Best
Warehouse
$615.9K
$538.9K – $718.5K
NOI $43,112 @ 7.0% cap · market cap 10.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
Business Placement
Demographics for 43229, OH
54,310
Population
23,290
Households
2.3
Avg Household Size
34
Median Age
24%
College-Educated
83%
High-School Grad
9.0 sq mi
ZIP Area
6,034
Density / Sq Mi
$53,430
Median Household Income
$35,181
Median Earnings
$1,082
Median Rent
$210,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with refreshed interiors, exterior improvements, and stainless appliances in one unit.
Where is this duplex located?
The property is located at 4838 Bradington Ct Columbus, OH.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Duplex with 2,446 SF, built in 1983; Each side features 3 bedrooms, 1.5 baths, and a full basement; Extensive remodeling includes flooring, paint, doors, trim, lighting, faucets, and blinds
